Nike, Inc. 401(k) Review & Grade
401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc.
Beaverton, ORWholesale Trade36,916 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,809Employer $ per active participant
$6,306Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$5.9BNet plan assets, end of year
$162,065Average balance per account
Score breakdown
- Employer generosity38.2 / 5076th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 80th |
| Employee saving | 68th |
| Peers that auto-enroll | 63% |
Red flags from the filing
Prohibited transactions: the plan reported non-exempt transactions with a party in interest.
Corrective distributions: the plan refunded $5,455 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nike put in about $3,809 per active participant, more than the typical peer ($2,420). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $140,627,198 |
| Participant (employee) contributions | $232,802,165 |
| Other contributions (incl. rollovers in) | $17,807,402 |
| Administrative expenses paid from the plan | $2,101,353 |
| Investment advisory & management fees | $1,952,588 |
| Benefits paid out | $740,998,734 |
| Net assets, start / end of year | $5.9B / $5.9B |
| Active participants, start / end of year | 37,293 / 36,539 |
| Participants with account balances | 36,366 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
| Employer stock held by plan | $353,489,573 |
Largest service providers (Schedule C)
| Blackrock Institutional Trust | $1,827,588 reported compensation |
| Northern Trust Company | $148,765 reported compensation |
| Mercer | $125,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260311135023NAL0005400643001, received 2026-03-11, EIN 93-0584541, plan #001, plan year 2024-06-01 to 2025-05-31. Verify at efast.dol.gov.
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